Timken appointed Tarak Mehta the company’s president and CEO. Mehta was also elected to Timken’s board of directors. Following a search process, the Timken board announced in March that Mehta, who previously served as a member of ABB’s group executive committee and president of its Motion business, would succeed Richard Kyle as president and CEO. Mehta succeeds Kyle, who has moved into an advisory role to assist with the leadership transition after 10 years as CEO. Following the transition, Kyle plans to retire as a Timken employee in February 2025, but will continue to serve on the company’s board of directors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TKR:
- Timken Company Expands Board, Welcomes New Member
- Timken Declares Quarterly Dividend of 34 Cents Per Share
- Timken to Expand Motion-Control Platform, Capabilities with Acquisition of CGI Inc.
- Timken narrows FY24 adjusted EPS view to $6.00-$6.20 from $6.00-$6.30
- Timken reports Q2 adjusted EPS $1.63, consensus $1.60